In late October 2010, when the Management Council (MC) came into being and began getting organized, it was found that there were no longer any funds available to us for paying the cost of hosting our services, as was explained in an announcement made in the forum on November 12, 2010. Therefore, the MC began a donation drive in early November. Our financial history from November 2010 to date is shown in the table below:

Financial history as of June 30, 2012

Month

Donationsduring month, $

Total donationsat month end, $

Monthlyhosting cost, $

Paid by

Funds on handat month end, $

November 2010

2,776.09

2,776.09

709.85

Tides Foundation(a)

2,776.09

December 2010

934.33

3,710.42

559.85(b)

Donation funds

3,150.57

January 2011

101.55

3,811.97

611.45(c)

Donation funds

2,640.67

February 2011

48.41

3,860.38

319.90(d)

Donation funds

2,369.18

March 2011

42.89

3,903.27

319.90

Donation funds

2,092.17

April 2011

134.88

4,038.15

319.90

Donation funds

1,907.15

May 2011

72.22

4,110.37

319.90

Donation funds

1,659.47

June 2011

33.68

4,144.05

319.90

Donation funds

1,373.25

July 2011

216.57

4,360.02

319.90

Donation funds

1,269.92

August 2011

143.55

4,503.57

319.90

Donation funds

1,093.57

September 2011

602.64

5,106.21

319.90

Donation funds

1,056.41

October 2011

1,388.87

6,495.08

319.90

Donation funds

2,125.38

November 2011

764.56

7,259.64

319.90

Donation funds

2,570.04

December 2011

9.68

7,269.32

319.90

Donation funds

2,259.82

January 2012 #1

133.63

7,402.95

319.90

Donation funds(e)

2,073.55

January 2012 #2

243.74(f)

7,646.69

--

Donation funds(g)

2,317.29

February 2012

167.37

7,814.06

319.90

Donation funds(h)

2,164.76

March 2012

14.26

7,828.32

319.90

Donation funds

1,859.12

April 2012

206.86

8,035.18

319.90

Donation funds

1,746.08

May 2012

28.52

8,063.70

319.90

Donation funds

1,454.70

June 2012

81.53

8,145.23

331.90(i)

Donation funds

1,204.33

July 2012

121.97

8,267.20

331.90(i)

Donation funds

994.40

August 2012

1,133.31

9,400.50

331.90(i)

Donation funds

1,795.81

September 2012

442.98

9,843.48

319.90

Donation funds

1,918.89

October 2012

404.84

10,248.32

319.90

Donation funds

2,003.83

November 2012

242.39

10,490.71

319.90

Donation funds

1,926.32

December 2012

408.09

10,898.48

319.90

Donation funds

2,014.51

January 2013

379.55

11,278.03

319.90

Donation funds

2,074.16

February 2013

197.87

11,475.90

319.90

Donation funds

1,952.13

March 2013

586.18

12,062.08

319.90

Donation funds

2,218.41

April 2013

134.51

12,196.59

319.90

Donation funds

2,033.02

May 2013

376.21

12,572.80

319.90

Donation funds

2,089.33

June 2013

212.44

12,785.20

319.90

Donation funds

1,981.87

July 2013

221.82

13,007.02

319.90

Donation funds

1,883.79

August 2013

227.52

13,219.46

319.90

Donation funds

1,791.41

September 2013

97.35

13,316.81

369.87(j)

Donation funds

1,518.84

October 2013

398.99(k)

13,715.80

431.85(l)

Donation funds

1,486.03

November 2013(m)

356.51(k)

14,072.31

431.85(l)

Donation funds

1,410.69

December 2013

505.06(k)

14,577.37

431.85(l)

Donation funds

1,483.90

January 2014

433.65(k)

15,011.02

431.85(l)

Donation funds

1,485.70

February 2014

520.56(k)

15,531.58

431.85(l)

Donation funds

1,574.41

March 2014

424.76(k)

15,956.34

431.85(l)

Donation funds

1,567.32

April 2014

361.43(k)

16,317.77

431.85(l)

Donation funds

1,496.90

May 2014

438.51(k)

16,756.28

431.85(l)

Donation funds

1,503.56

June 2014

476.29(k)

17,232.57

431.85(l)

Donation funds

1,548.00

July 2014

448.92(k)

17,681.49

419.85

Donation funds

1,577,07

August 2014

400.37(k)

18,081.86

431.85(l)

Donation funds

1,545.59

September 2014

433.15(k)

18,515.01

431.85(l)

Donation funds

1,546.89

October 2014

79.00

18,594.01

431.85(l)

Donation funds

1,194.04

November 2014

117.22

18,639.01

431.85(l)

Donation funds

879.41

December 2014

160.62

18,799.63

111.95(n)

Donation funds

928.08

January 2015

80.08

18,879.71

111.95(n)

Donation funds

896.21

February 2015

210.56

19,090.27

111.95(n)

Donation funds

994.82

March 2015

98.10

19,188.37

111.95(n)

Donation funds

980.97

April 2015

45.00

19,233.37

111.95(n)

Donation funds

914.02

May 2015

139.79

19,373.16

111.95(n)

Donation funds

941.86

June 2015

98.10

19,471.26

111.95(n)

Donation funds

928.01

July 2015

108.33

19,579.59

111.95(n)

Donation funds

924.39

August 2015

108.33

19,687.92

111.95(n)

Donation funds

920.77

September 2015

118.25

19,805.17

111.95(n)

Donation funds

927.07

October 2015

96.16

19,901.33

111.95(n)

Donation funds

911.28

November 2015

124.36

20,025.69

111.95(n)

Donation funds

923.69

December 2015

145.55

20,171.24

111.95(n)

Donation funds

957.29

January 2016

120.82

20,292.06

111.95(n)

Donation funds

966.16

February 2016

119.86

20,411.92

111.95(n)

Donation funds

974.07

March 2016

45.00

20,456.92

111.95(n)

Donation funds

907.12

April 2016

45.00

20,506.92

111.95(n)

Donation funds

840.17

May 2016

141.80

20,648.72

111.95(n)

Donation funds

870.02

June 2016

136.44

20,785.16

111.95(n)

Donation funds

894.51

July 2016

93.25

20,878.41

111.95(n)

Donation funds

875.81

August 2016

106.40

20,984.81

111.95(n)

Donation funds

870.26

September 2016

54.31

21,039.12

111.95(n)

Donation funds

812.62

October 2016

253.28

21,292.40

111.95(n)

Donation funds

953.95

November 2016

117.52

21,409.92

111.95(n)

Donation funds

959.52

December 2016

587.56

21,997.48

111.95(n)

Donation funds

1,435.13

January 2017

284.85

22,282.33

99.95(o)

Donation funds

1,620.03

February 2017

199.36

22,481.69

99.95

Donation funds

1,719.44

March 2017

117.22

22,598.91

99.95

Donation funds

1,736.71

April 2017

93.25

22,692.16

99.95

Donation funds

1,730.01

May 2017

164.72

22,856.88

99.95

Donation funds

1,794.78

June 2017

117.22

22,974.10

99.95

Donation funds

1,812.05

July 2017

93.25

23,067.35

99.95

Donation funds

1,805.35

August 2017

221.41

23,288,76

99.95

Donation funds

1,926.81

September 2017

84.55

23,373.31

99.95

Donation funds

1,911.41

Notes:(a) Donations via the Tides Foundation paid for all costs while Larry Sanger was Editor-in-Chief of Citizendium.

(b) Lower cost negotiated by Dan Nessett.
(c) Includes $51.60 additional cost for time spent moving Citizendium to new 3-server configuration.
(d) Further cost lowering for 3-server configuration negotiated by Dan Nessett.
(e) See Larry Sanger's notes for details concerning Sept. 2011 through January 2012.
(f) PayPal apparently charges approximately a 4.12% fee on donations made to the Citizendium account. The gross sum of donations during this period was actually $250.00.
(g) Hayford Peirce replaced Larry Sanger as Treasurer in late January of 2012. Additional donations were received but the previous balance of funds had not yet, as of January 31st, been transferred to Hayford's dedicated bank account at Chase maintained solely for the Citizendium account.
(h) Balance shown includes a donation of 48.25 that was not yet credited by the bank on Feb. 29, 2012.
(i) Includes a $12.00 bank service charge for having a monthly balance below the minimum required.
(j) Includes an extra $49.97 for a half-month by the service provider as we begin the migration to a cheaper service. While this is being worked on by the technical staff, we are temporarily paying two monthly charges.
(k) $319.90 of this total has been contributed by one of our techs as a special extra donation to cover the cost of the old servers while he works to migrate us to a cheaper service. To see the actual normal donations, deduct this amount.
(l) Includes an extra $99.95 for a full month by the service provider as we continue the migration to a cheaper service. While this is being worked on by the technical staff, we are temporarily paying two monthly charges, the original $319.90 plus the extra $99.95. As stated in Footnote (k), one of our techs is making a special donation to cover the $319.90. It also includes a $12.00 bank charge for having a monthly balance below the minimum required.
(m) A number of donations are made towards the end of the month, generally via PayPal. Because it takes several days for our bank account to process PayPal transfers, it is easier for me to do the bookkeeping if I wait until the 4th or 5th of the following month to process the accounts—this way my figures of money in and money out jibe with the bank figures of what is actually in our account.
(n) The migration to a cheaper service is now complete. The monthly charge by the service provider will be $99.95. This month also includes a $12.00 bank charge for having a monthly balance below the minimum required.
(o) Our bank account was over the average minimum balance for the first time in a couple of years, hence there was no service charge.

Our fiscal months start and end on the 20th (until Sept. 2011, the 16th) of each month because that is when we pay server costs for the coming month. Beginning with February 2012, however, with a new Treasurer in place, the above charts will reflect a calendar month and not the fiscal month. The figures shown will henceforth reflect the financial situation as of the last calendar day of that month.

The MC is making every effort to find some university, or philanthropist or charitable non-profit organization to help us with free server facilities or with additional funds. However, we have had no success to date. It appears that we must continue to raise our own funds by donations.

What we will urgently need is for a small number of our members to pledge monthly donations ranging from $5.80 per month to $11.60 per month, as shown just below:

20 members pledging $5.80 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or

15 members pledging $7.74 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or

10 members pledging $11.60 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost)

In Southern California, the cost of seeing a movie at the cinema is $15.